Ibibo Group, which is also backed by Chinese Internet giant Tencent, operates hotel and flight booking platform Goibibo.com, as well as bus ticketing sites RedBus and YourBus. Ibibo Group claims it processed 6.5 million transactions from October to December 2015, with 1.6 million hotel rooms booked during that period, a 400 percent year-over-year increase. Ibibo says traffic from mobile devices accounted for 71 percent of bookings in December 2015, up 42 percent from a year earlier.

In a statement, Naspers Group chief executive officer Bob van Dijk said “The Indian e-commerce market, and the online travel segment in particular, offers exciting growth prospects for us as a group. With a talented, proven management team and exceptional technology, Ibibo is well positioned to benefit from an increasing number of people using online travel services going forward.”

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Crunchbase

OverviewibiboGroup is an Indian online travel group that owns properties such as Goibibo.com, a B2C online travel aggregator; redBus.in, an online bus ticketing platform; and travelboutique, a B2B online travel platform.
In 2010, ibiboGroup organically developed and launched Goibibo.com that enables consumers to buy air tickets, hotels, and bus tickets via both mobile and desktop. It has become a mobile and …

OverviewFounded in 1915, Naspers is a $65bn global media and Internet group with investments and operations in more than 130 markets with long-term growth potential.
Today, Naspers companies hold leading positions in traditional media, video entertainment and the Internet, specialising in ecommerce (classifieds, marketplaces, etail, travel, payments and online services).
Naspers is a unique blend of …